GOVERNMENT and the Copperbelt Energy Corporation (CEC) PLC have signed a US$210 million implementation agreement for the 40 megawatts Kabompo hydro electricity project in Northwestern Province to generate more power for the nation.
Speaking during the signing ceremony, Ministry of Energy permanent secretary Brigadier General Emelda Chola said the project would provide a sustainable source of electricity and stimulate social-economic development through job creation. Brig Gen Chola said the agreement would enable CEC to complete the remaining pre-implementation activities.
“In view of the current power deficit and load shedding the country is facing, the project will provide a sustainable source of electricity and stimulate social economic development through job creation,’’ she said.
She said the ministry would closely monitor the implementation of the project and look forward to the actual construction and commissioning of the project.
Meanwhile, CEC board chairman Hanson Sindowe said the institution had extolled the benefits of the project not only economically but also socially.
Mr Hanson said the company had so far spent more than US$ 32 million. He said the agreement gave comfort to everyone interested in or watching the project.
He said Zambia was facing energy challenges and that those in the industry and the Government would work together to find solutions to the challenge.
“CEC has made no secret of its deep desire to be fully involved in finding solutions to the country’s energy challenges,” he said.
Mr Sindowe said the company had pioneered and looked at exploiting renewable energy sources for the country.
“As I speak now, the company is involved in expanding inter-country capacity by investing US$18 million in erecting a second Zambia –DRC interconnector line,” he said. And project managing director Humphrey Mulela said the project would create more than 1, 000 jobs for citizens. Mr Mulela thanked Government for the support and pledged to ensure that the completion of the project would contribute to the end of power shortages Zambia was facing.